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FinTech Chain Limited (ASX:FTC)

ALERT: Price-sensitive ASX Announcement for FTC
Current share price for FTC : $0.004 0.001 (33.33%)+
Announcement
Release
30 May 2025 6:50PM
Price at Release
$0.003
Full Release
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Summary
This Preliminary Final Report provides a comprehensive overview of FinTech Chain Limited’s financial and operational performance for the year ended 31 December 2021. The document details the company’s principal activities in providing business services and technology solutions for the financial sector, primarily in China and Hong Kong. The report covers financial results, profit and loss statements, segment information, changes in equity, cash flows, and notes to the financial statements. It highlights the impact of COVID-19, revenue performance, expenses, impairment losses, related party transactions, and regulatory compliance issues. The report also outlines the company’s strategic priorities, risk management approach, board structure, and remuneration framework.
Key Points
  • FinTech Chain Limited focuses on providing technology and business solutions to the financial sector, especially in China and Hong Kong.
  • The company reported revenue, profit/loss, and financial position for the year ended 31 December 2021.
  • Financial results were impacted by the ongoing effects of the COVID-19 pandemic.
  • The report includes detailed financial statements, including income statements, balance sheet, cash flow statements, and changes in equity.
  • There were notable impairment losses and write-downs in the year.
  • Regulatory compliance and risk management remain central to the company’s operations.
  • Related party transactions and director remuneration are disclosed and discussed.
  • The company has outlined strategic priorities for future growth and operational improvement.
  • Board structure, governance, and audit arrangements are described.
  • The report acknowledges uncertainties relating to market conditions and ongoing pandemic impacts.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.